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Real Estate - REIT - Residential - NYSE - US
$ 63.85
-0.219 %
$ 1.07 B
Market Cap
-56.84
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one CSR stock under the worst case scenario is HIDDEN Compared to the current market price of 63.9 USD, Centerspace is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one CSR stock under the base case scenario is HIDDEN Compared to the current market price of 63.9 USD, Centerspace is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one CSR stock under the best case scenario is HIDDEN Compared to the current market price of 63.9 USD, Centerspace is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CSR

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$70.0$70.0$68.0$68.0$66.0$66.0$64.0$64.0$62.0$62.0$60.0$60.0$58.0$58.0$56.0$56.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
261 M REVENUE
-0.12%
20.5 M OPERATING INCOME
-75.76%
-14.2 M NET INCOME
-33.82%
98.2 M OPERATING CASH FLOW
9.75%
-50.7 M INVESTING CASH FLOW
-42.19%
-43.7 M FINANCING CASH FLOW
79.43%
67.1 M REVENUE
1.03%
4.75 M OPERATING INCOME
66.06%
-4.18 M NET INCOME
27.74%
25.4 M OPERATING CASH FLOW
36.24%
-4.88 M INVESTING CASH FLOW
52.37%
-15.6 M FINANCING CASH FLOW
-24.63%
Balance Sheet Centerspace
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Current Assets 51.9 M
Cash & Short-Term Investments 12 M
Receivables 25.9 M
Other Current Assets 14 M
Non-Current Assets 5.01 M
Long-Term Investments 0
PP&E 2.54 M
Other Non-Current Assets 2.47 M
21.13 %45.47 %24.59 %4.47 %4.34 %Total Assets$56.9m
Current Liabilities 107 M
Accounts Payable 0
Short-Term Debt 47.4 M
Other Current Liabilities 59.3 M
Non-Current Liabilities 908 M
Long-Term Debt 0
Other Non-Current Liabilities 908 M
4.67 %5.85 %89.49 %Total Liabilities$1.0b
EFFICIENCY
Earnings Waterfall Centerspace
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Revenue 261 M
Cost Of Revenue 112 M
Gross Profit 149 M
Operating Expenses 128 M
Operating Income 20.5 M
Other Expenses 34.7 M
Net Income -14.2 M
300m300m250m250m200m200m150m150m100m100m50m50m00(50m)(50m)261m(112m)149m(128m)20m(35m)(14m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
56.94% GROSS MARGIN
56.94%
7.85% OPERATING MARGIN
7.85%
-4.10% NET MARGIN
-4.10%
-1.59% ROE
-1.59%
-0.56% ROA
-0.56%
-1069.71% ROIC
-1069.71%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Centerspace
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100m100m90m90m80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -14.2 M
Depreciation & Amortization 108 M
Capital Expenditures 0
Stock-Based Compensation 3.01 M
Change in Working Capital -3.46 M
Others 1.78 M
Free Cash Flow 98.2 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Centerspace
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Wall Street analysts predict an average 1-year price target for CSR of $71.4 , with forecasts ranging from a low of $68 to a high of $75 .
CSR Lowest Price Target Wall Street Target
68 USD 6.50%
CSR Average Price Target Wall Street Target
71.4 USD 11.82%
CSR Highest Price Target Wall Street Target
75 USD 17.46%
Price
Max Price Target
Min Price Target
Average Price Target
76767474727270706868666664646262606058585656Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
1.19% DIVIDEND YIELD
0.77 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
6.006.005.005.004.004.003.003.002.002.001.001.000.000.001.31.30.70.70.70.70.70.730.730.750.771.31.30.70.70.70.70.70.730.730.750.771.31.30.70.70.70.70.720.730.730.751.35.201.35.200.72.800.72.800.72.800.72.800.722.840.732.920.732.920.753.001.542015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Centerspace
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
CENTERSPACE ANNOUNCES ENTRANCE INTO THE SALT LAKE CITY MARKET, PLANNED PORTFOLIO TRANSACTIONS, AND QUARTERLY DIVIDEND MINNEAPOLIS , June 2, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) (the "Company") announced that on May 30, 2025, it closed on the acquisition of its first community in Salt Lake City, UT, for $149 million. Centerspace has also signed an agreement to acquire a community in Fort Collins, CO, with closing anticipated in mid-June. prnewswire.com - 2 weeks ago
Centerspace: Operating Momentum Improves As Shares Underperform (Rating Upgrade) Centerspace is a residential REIT managing 13,012 apartments, primarily in Minneapolis, Denver, and North Dakota. Q1 2025 and April 2025 leasing spreads point to a strong improvement relative to Q4 2024. Even so, Core FFO growth remains muted due to past share issuance and higher property taxes. seekingalpha.com - 3 weeks ago
When Your REIT Will Cut Its Dividend When Your REIT Will Cut Its Dividend seekingalpha.com - 4 weeks ago
Large Price Disconnects In REITs From Misapplied Perspective Real estate professionals' negative outlook on transaction volumes has led to a bearish sentiment on REITs, despite stable property values and NOI growth. Tariff uncertainty and fluctuating mortgage rates have reduced transaction activity, but real estate owners care about NOI and property value, not transaction volume. REIT stocks are trading at significant discounts, with the median REIT at 77.9% of NAV, presenting a unique investment opportunity. seekingalpha.com - 1 month ago
Centerspace (CSR) Q1 2025 Earnings Call Transcript Centerspace (NYSE:CSR ) Q1 2025 Earnings Conference Call May 2, 2025 1:00 PM ET Company Participants Josh Klaetsch - Director, IR Anne Olson - President & CEO Bhairav Patel - CFO Grant Campbell - SVP, Investments & Capital Markets Conference Call Participants Brad Heffern - RBC Capital Markets Ami Probandt - UBS Jamie Feldman - Wells Fargo Rob Stevenson - Janney Alexander Goldfarb - Piper Sandler Mason Guell - Baird Operator Good afternoon and thank you for attending today's Centerspace First Quarter 2025 Earnings Call. My name is Jaslyn, and I will be your moderator today. seekingalpha.com - 1 month ago
Centerspace (CSR) Matches Q1 FFO Estimates Centerspace (CSR) came out with quarterly funds from operations (FFO) of $1.21 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.23 per share a year ago. zacks.com - 1 month ago
Centerspace Reports First Quarter 2025 Financial & Operating Results and Reaffirms 2025 Core FFO per Share Guidance MINNEAPOLIS , May 1, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three months ended March 31, 2025. The tables below show Net Loss, Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three months ended March 31, 2025; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted Average Occupancy, Lease Rate Growth, and Resident Retention for each of the three months ended March 31, 2025, December 31, 2024, and March 31, 2024. prnewswire.com - 1 month ago
3 Bargain Buys Unfairly Sold Off With The Market The market's inefficiency during erratic price movements creates opportunities to invest in fundamentally sound stocks with lower multiples. Focus on companies with price drops due to multiple contractions, not those with declining earnings or growth. Market price is not a true barometer of value. seekingalpha.com - 1 month ago
Disparate Property Supply In Tampa Creates Selective Opportunity Tampa's strong job and population growth make it a prime real estate location, but supply and demand dynamics are crucial for investment decisions. The high housing supply in Tampa has led to a temporary downturn in home prices, while limited retail space has driven up retail rents. Other property sectors have limited supply and much stronger outlooks within Tampa. seekingalpha.com - 2 months ago
CENTERSPACE ANNOUNCES FIRST QUARTER 2025 EARNINGS RELEASE DATE MINNEAPOLIS , April 1, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) will release its operating results for the quarter ended March 31, 2025, after the market closes on Thursday, May 1, 2025. Management will host a conference call to discuss those results on Friday, May 2, 2025, at 1:00 p.m. prnewswire.com - 2 months ago
8 Upcoming Dividend Increases, Including A King Highlighting eight companies with upcoming dividend increases, four exceeding 10%, and an average increase of 11.4%, median at 9%. My investment strategy focuses on buying, holding, and expanding stakes in companies with consistent dividend growth and benchmark-beating performance. The list is curated using data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, ensuring a minimum of five years of dividend growth. seekingalpha.com - 2 months ago
8. Profile Summary

Centerspace CSR

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COUNTRY US
INDUSTRY REIT - Residential
MARKET CAP $ 1.07 B
Dividend Yield 1.19%
Description Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
Contact 3100 10th Street SW, Minot, ND, 58702 https://www.centerspacehomes.com
IPO Date Oct. 17, 1997
Employees 374
Officers Ms. Julie Letner Senior Vice President of Talent & Culture Ms. Anne M. Olson Esq. President, Chief Executive Officer, Secretary & Executive Trustee Mr. Bhairav Patel CPA Executive Vice President & Chief Financial Officer Joe McComish Vice President of Finance Ms. Susan J. Picotte Senior Vice President of Asset Management Mr. Joshua M. Klaetsch C.F.A., CFA Head of Investor Relations Ms. Jean Denn Senior Vice President of Operations Ms. Kelly Weber Senior Vice President of Strategic Services Ms. Julie Ellis Senior Vice President & Chief Accounting Officer Mr. Grant P. Campbell Senior Vice President of Investments